I am not familiar with the license for LabVIEW Student Edition. However, I talked to Studica, who sells LabVIEW Student Edition, along with the myDAC and myRIO hardware, and they seemed to think it should work.
You can download the myRIO Software Bundle from here . This Web Site notes that you can activate it with an Academic license, or with a separate license, which might include your Student License (or the license that should have been associated with your myRIO hardware purchase). If that doesn't work, call NI and ask for help.
Bob Schor